5 Major Developments in Canada

5 Major Developments in Canada

• Canada introduces legislation on enhanced GST rental rebate for new rental units

• New law enacts tax measures outlined in budget

• Canada Provides GST/HST Relief for Taxpayers Affected by Wildfires in British Columbia and the Northwest Territories

• Canada 3% Digital Services Tax Jan 2024

• Change to GST could save billions in energy costs for Canadians – propane industry

Country Guides

• Tax Guide for Businesses with Customers in Canada

Cryptocurrency and NFT

• Deloitte’s Interview with Tamara Rozansky: Impact of Indirect Tax Changes in Canada

• 2023 Budget implementation bill no. 1

Customs

• Canada publishes trade compliance verification list update, July 2023

Deduction (Input Tax Credit)

• Enhanced GST Rental Rebate For Purpose-built Rental Properties

• Finance Announces Plan to Increase GST Rebate on New Rental Apartments

• 2023 Budget implementation bill no. 1

Digital Services Tax

• Canada moves ahead with its own digital services tax, releasing draft legislation

• Canada 3% Digital Services Tax Jan 2024

• Another Digital Services Tax in Sight

• U.S. Chamber of Commerce Urges Canada to Reconsider Support for Extension of Standstill Agreement on Digital Services Taxes

• Canada to Move Forward with Digital Services Tax in 2024, Despite OECD Agreement

• Canada Does Not Support Extension of Standstill Agreement on Digital Services Taxes

E-Commerce / Electronic Services

• Extends Electronic Filing Requirements for Business

• Provincial sales tax annual information return due 31 August for online marketplaces (British Columbia)

• Important proposed tax changes for digital service providers in 2024

• IBFD Article: The Canadian Indirect Tax Landscape for Foreign Suppliers of Goods to Canadian Consumers (B2C)

• Changes to PST collection for online marketplace facilitators effective 1 July 2023 (British Columbia)

Exemption

• Trudeau’s GST ‘rental housing’ exemption lame without municipal support

• Change to GST could save billions in energy costs for Canadians – propane industry

• KPMG Week in Tax: 14 – 18 August 2023

• New GST/HST Guidance for Insurance Intermediaries

Implementation / Reform

• Extends Electronic Filing Requirements for Business

• Canadian issues welfare GST credits to combat inflation

• Canada enacts 2023 Budget implementation bill no. 1

Legislative Change

• Finance Announces Plan to Increase GST Rebate on New Rental Apartments

• Canada’s Department of Finance releases draft legislation for 2023 budget and other measures

Rate

• KPMG Week in Tax: 18 – 22 September 2023

• Change to GST could save billions in energy costs for Canadians – propane industry

Real Estate/Immovable Property

• Canada introduces legislation on enhanced GST rental rebate for new rental units

• Canada introduces legislation to enhance GST rental rebate for new rental units

• Enhanced GST Rebated on new purpose-built rental housing announced

• Enhanced GST Rental Rebate For Purpose-built Rental Properties

• Freeland Introduces Bill to Remove GST on Rental Developments and Strengthen Competition Law

• Trudeau’s GST ‘rental housing’ exemption lame without municipal support

• Finance Announces Plan to Increase GST Rebate on New Rental Apartments

Refund

• Canada introduces legislation to enhance GST rental rebate for new rental units

• Foreign GST/HST reclaim opportunity in Canada

• Quebec: Harmonization with measures in 2023 federal budget Bill C-47; proposed sales tax changes (Quebec)

• Canadians eligible for GST credit expected to receive ‘grocery rebate’ today

Reporting / Compliance

• New law enacts tax measures outlined in budget

• Canada Provides GST/HST Relief for Taxpayers Affected by Wildfires in British Columbia and the Northwest Territories

• 2023 federal budget (Bill C-47) receives Royal Assent

SME (Small and Medium- Sized Enterprises)

• Quebec: Harmonization with measures in 2023 federal budget Bill C-47; proposed sales tax changes (Quebec)

Taxable Amount

• New Grocery Rebate

Taxable Person

• GST/HST For Municipalities In Canada

Taxable Transaction

• British Columbia Supreme Court confirms that certain cloud services are not liable to PST

Tax Authorities / Penalties / Interest

• Extends Electronic Filing Requirements for Business

War in Ukraine

• Canada imposes additional sanctions against Russia